Gary Ablett's Gold Coast property has gone under contract

The redundant Gold Coast riverfront home of the AFL star Gary Ablett is finally under contract, after spending well over a year on the market.

Although he seemingly bought well, it's expected to be a loss for the now Geelong midfielder, who played his first back game at the Cattery on the weekend.

He paid $1.8 million for the Ashmore home in 2011, just six kms from the AFL stadium when he signed for the Gold Coast Suns.

Ablett bought the four bedroom home after it had a $2,595,000 guide when offered a year earlier.

Set on 3342 sqm of landscaped grounds, it features Bali-style huts, lagoon style pool and full size floodlit tennis court.

The home offers 65 metres of river frontage with a floating pontoon.

Kollosche Prestige agent Danny Stanley initially sought $2,195,000 when he took over the listing last June which most recently had a $1,795,000 asking price.

Ablett left the Suns to return to his boyhood club Geelong when he began his career in 2002.

This article first appeared in The Weekend Australian.